#182/B, First floor, B.K Guda, S.R.Nagar, Hyderabad

Business Loan

Take your entrepreneurial dreams to the next level with a hassle-free business loan at competitive interest rates. We understand that every business needs finance in different phases of expansion. We make the process of availing a business loan quick and simple. Our flexible business loan is perfect to scale up to your business needs.

Eligibility

Self-employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.

The business should have a minimum turnover of Rs. 40 lakhs

Individuals who have been in the current business for a minimum of 3 years, with 5 years of total business experience.

Those whose business has been profit-making for the previous 2 years

The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum

The applicant should be at least 21 years at the time of applying for the loan and should be no older than 65 years at the time of loan maturity.

Documents Required

    • Identity Proof- For a company, firm or individual – a valid identity proof and PAN Card
  • Address Proof- Voter ID Card, Aadhar, Passport, or Driving License
  • Bank Statements- Latest Bank Statements for the last 6 months.
  • Income Documents- Latest ITR along with the computation of income, balance sheet, profit and loss account for the past two years. This has to be submitted after the requisite CA certification
  • Proof of Continuation- ITR/Trade license/Establishment/Sales Tax Certificate
  • Other Documents- Sole Proprietorship Declaration or Certified Copy of the Partnership Deed, certified true copy of the Memorandum & Articles of Association (certified by the company Director) and the Board resolution

Common Questions

A business loan is funds approved by a bank to cover various expenditures in a business.
A CIBIL score of 750 is considered healthy to avail a business loan.
For a business loan of amount Rs 50 lakh and above, you need to provide collateral for successful processing of the business loan application.
Yes, both LLC, limited liability company and LLP, limited liability partnership is eligible to apply for a small business loan
You need to provide the following documents to be eligible for a business loan: 1. Identity Proof ( for both company and individual) 2. Address Proof (Voter ID, Passport or Driving License) 3. Last six months bank statement 4. Last two years of income documents 5. Proof of continuation (ITR, Trade License, Sales Tax Certificate) 6. Other documents (copy of sole proprietorship declaration, partnership deed, MOA & AOA, Board resolution)

Let's Talk Money!

Make your grand plans possible by talking to us about your financial needs.